COVER Presentation SESSION 3 SALLEHunctad.org/meetings/en/Presentation/cimem_SALLEH.pdfThe image...
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H.E. Ms. Mariam M.D. Salleh Ambassador of Malaysia to the World Trade Organization
Transcript of COVER Presentation SESSION 3 SALLEHunctad.org/meetings/en/Presentation/cimem_SALLEH.pdfThe image...
H.E. Ms. Mariam M.D. Salleh Ambassador of Malaysia to the World Trade Organization
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Malaysia’s Strategic Locationin the Southeast Asian Region
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ASEAN Competitiveness
• ASEAN Economic Community by 2015.
• Building physical and institutional connectivity.
ASEAN Economic CommunityStrategic Schedule of the AEC Blueprint (2008‐2015)
AEC Pillar 1Single Market & Production Base
• Free flow of goods• Free flow of services• Free flow of
investment• Freer flow of capital• Free flow of skilled
labor• Priority Integration
Sectors• Food, agriculture
and forestry
AEC Pillar 2 Competitive
Economic Region
• Competition policy• Consumer
protection• Intellectual
property rights• Infrastructure
development• Taxation• E‐Commerce
AEC Pillar 3 Equitable Economic
Development
• SME development• Initiative for ASEAN
Integration
AEC Pillar 4 Integration into
the Global Economy
• Coherent approach towards externaleconomic relations
• Enhanced participation in global supply networks
HUMAN RESOURCE DEVELOPMENT RESEARC H AND DEVELOPMENTHUMAN RESOURCE DEVELOPMENT RESEARC H AND DEVELOPMENT
4 PILLARS OF THE AEC
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ASEAN ECONOMIC COMMUNITYThe image part with relationship ID rId2 was not found in the file.
A single Integrated Market offering increase business opportunities for trade in
goods, services & investment
Removal of import tariffs and non-tariff barriers for
trade in goods
Liberalisation of the services sector covering 4 modes of
supply and removal of market access limitations
Creating a liberal investment regime
Serve as a production base for regional and
international market
Why AEC is important?
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-10
-5
0
5
10
15
Annu
al ch
ange
in re
al GD
P %
Developing AsiaASEAN‐10WorldAdvanced economie
Except for in the mid-1980s and late 1990s (Asian Financial Crisis), ASEAN-10’s growthhas exceeded the global average, but below that for the broader Developing Asia,powered by China and India.
Source: International Monetary Fund’s (IMF) World Economic Outlook April 2013; RAM Economics Research
ASEAN’s Growing Economy…
ASEAN’s Economic AssetsThe image part with relationship ID rId2 was not found in the file.
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INDICATORS UNIT 2006 2012Total Land Area km2 4,464,322 4,435,670Total Population million 567.20 617.2Gross Domestic Product at Current Prices US$ billion 1,087 2,313.1
GDP Growth percent 6.22011: 4.82012: 5.72013: 6.0
Gross Domestic Product Per Capita at Current Prices US$ 1,918 3,747.8
Merchandise Trade US$ billion 1,404.8 2,474.7
Foreign Direct Investments Inflows US$ billion 63.7 108.2
Why ASEAN Economic IntegrationMakes Business Sense to Malaysia?
Indicators Malaysia ASEAN
Market Size
30 million
620 million
Total Trade US$420
billionUS$2,500
billion
GDP US$288 billion
US$2,300billion
GDP Growth 5.1% 5.7%
Market of over 20 times
Untapped economic opportunities as theregion continues to register strong growth
Increasing consumer class in ASEAN (riseof middle class population)
Rich in resources i.e. timber, oil & gas,minerals, palm oil, rubber, rice, sugar
Industrial economic structure
Human capital
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Connected to trading partners through Preferential TradingAgreements (Market size of over 3 billion)
Why ASEAN Economic IntegrationMakes Business Sense to Malaysia?
AEC and Opportunitiesfor Malaysian Businesses
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A Single Integrated Market offering increase businessopportunities for trade in goods, services andinvestment, through:
removal of import tariffs and non-tariff barriers fortrade in goods;
liberalisation of the services sector covering all 4modes of supply and removal of market accesslimitations
creating a liberal investment regime
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Serves as a production base for regional andinternational market
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Elimination of Duties(1 January 2010)
ASEAN-699.65% of tariff lines import
duties eliminated
CLMV98.86% tariff lines import duties reduced to 0-5%
Liberalization and Facilitation of Trade
Malaysia: Eliminated duties on 99% of tariff lines
Institutional Connectivity
• ASEAN is in the process of developing arobust mechanism to identify andeliminate non-tariff barriers (NTBs).
• Work to re-align the ASEAN NTMdatabase classification with the 2012UNCTAD NTM classification is on-going.
• The development of the National TradeRepository/ASEAN Trade Repository willbe pursued in parallel to the developmentof National Single Window/ASEAN SingleWindow in the respective ASEAN MemberStates.
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Liberalization in Services
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Business Services
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Educational Services
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Tourism and Travel Related Services
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Communication Services
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Environmental Services
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Recreational, Cultural and Sporting Services
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Construction and Related Engineering Services
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Financial Services
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Transport Services
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Distribution Services
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Health Related and Social Services
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Other Services
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12 Broad Sectors 128 Sub-Sectors
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8 Packages of Liberalization in Services
1st
Package1997
2nd
package1998
3rd
package2001
4th
package2004
5th
package2006
6th
package2007
7th
Package2009
8th
Package2010
Malaysia Tapping on ASEAN Talent Pool…
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ASEAN Movement of Natural Persons Agreement (MNP) Business Visitors Intra-Corporate Transferees Contractual Service Suppliers
Mutual Recognition Agreements (MRAs)Engineering ServicesNursing ServicesArchitecture ServicesAccountancy ServicesMedical PractitionersDental PractitionersSurveyors
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Malaysia Tapping on ASEAN Talent Pool…
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MRAs on engineering and architecture provide recognition for registeredASEAN professionals by providing harmonised standards andqualifications;
The MRA on nursing was designed to strengthen professional capabilitiesby promoting the exchange of expertise, experience, and the best practices;
MRAs on Accountancy and Surveying services lay down the broad principleand framework for the negotiating bilateral and multilateral MRAs; and
MRAs on medical and dental professions are based on bilateral registrationprocess.
Malaysian Investments in the Region…
ASEAN Comprehensive Investment Agreement (ACIA) Opens opportunities for Malaysian investments in: Manufacturing & Related Services Agriculture Fishery Forestry Mining & Quarrying
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Collaboration in Other Sectors
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Transport Services
ASEAN Framework Agreement on the Facilitation of Goods in Transit (AFAFGIT)
ASEAN Framework Agreement on the Facilitation of Inter-State Transport
(AFAFIST)
ASEAN Framework on Multimodal Transport (AFAMT)
ASEAN RORO Shipping Network and Short Sea ShippingASEAN Single Aviation Market
ASEAN Open Skies Agreement
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Collaboration in Other Sectors
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ICT• ASEAN Broadband Corridor• Lower Intra-ASEAN Mobile Roaming Charges• ASEAN Network Security Action Council
Energy• ASEAN Power Grid• Trans-ASEAN Gas Pipeline• ASEAN Petroleum Security Agreement
Minerals • ASEAN Minerals Database and Information System• ASEAN Minerals Cooperation Action Plan 2011-2015
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ASEAN BROADBAND CORRIDOR
ObjectiveThe ASEAN Broadband Corridor (ABC) project aims at establishing areas in each ASEAN Member State (AMS) with high‐ speed Internet connectivity to facilitate the development of economy and community through the adoption of Information & Communication Technology (ICT).
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Elimination of Duties under ASEAN+1 FTAs
ASEAN-China FTA> 90% Nil Duties
ASEAN-Korea FTA> 90% Nil Duties
ASEAN-Australia-New Zealand FTA100% Nil Duties
ASEAN-Japan CEP> 90% Nil Duties
ASEAN-India FTA> 80% Nil Duties
Malaysia’s Economic Engagementswith Major Trading Partners through ASEAN
Malaysia> 90% Nil Duties
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AFTA ACFTA AKFTA AJCEP AIFTA AANZFTAASEAN’s other
external economic partners
New Regional Economic Architecture
Malaysia’s Economic Engagementswith Major Trading Partners through ASEAN
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Integrating and Enhancing ASEAN+1 FTAsthrough RCEP
RCEP
Market Size3.3 Billion
External TradeUS$8.4 Trillion
Trade with World44%
Economic SizeUS$ 17.3 Trillion
Trade Facilitation Initiatives 24
